Business & Finance: United Fruit Obeys

One day last summer Samuel ("Sam") Zemurray of New Orleans strode belligerently into a room at No. 1 Federal Street, Boston, where the directors of potent, far-flung United Fruit Co. were holding a meeting. Down on the long table in front of his old enemy, President Victor Macomber Cutter, he flung a handful of proxies. Said he: "You've been ——ing up this business long enough. I'm going to straighten it out." The Bostonian directorate was profoundly and properly shocked. Nevertheless, before they adjourned they had created a new office— Managing Director in Charge...

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